by Calculated Risk on 4/18/2024 06:11:00 PM
Helped by the total solar eclipse, U.S. hotel performance increased from the previous week, according to CoStar’s latest data through 13 April. …
7-13 April 2024 (percentage change from comparable week in 2023):
• Occupancy: 65.8% (+2.8%)
• Average daily rate (ADR): US$160.20 (+2.9%)
• Revenue per available room (RevPAR): US$105.48 (+5.8%)
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate using the four-week average.
The red line is for 2024, black is 2020, blue is the median, and dashed light blue is for 2023. Dashed purple is for 2018, the record year for hotel occupancy.